NDIC and CIBN Collaborate to Address Emerging Risks in Nigerian Banking Sector

The Nigeria Deposit Insurance Corporation (NDIC) and the Chartered Institute of Bankers of Nigeria (CIBN) are enhancing their partnership to tackle emerging risks in the banking sector, particularly in areas like digital banking, cybersecurity, and fraud prevention. During a visit, NDIC's Thompson Oludare Sunday emphasized the need for stronger synergy between institutions to mitigate new risks and ensure financial stability.

CIBN's President, Professor Pius Deji Olanrewaju, commended the collaboration and highlighted the importance of innovative failure resolution strategies. The aim is to build a resilient financial ecosystem in Nigeria.